Galloway, NJ—08205
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Galloway, NJ
As of Oct '25, the median home price in Galloway, NJ is $333,000, with a year-over-year change of 3.9%. This indicates that home prices in Galloway, NJ are increasing. According to Zillow, the 1-year price projection is 4.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $333,000 | 3.9% |
| Single Family | $386,000 | 3.5% |
| Condos | $197,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $179,000 | 2.3% |
2 Bed | $234,000 | 4.5% |
3 Bed | $374,000 | 3.6% |
4 Bed | $459,000 | 4.6% |
| 5 Bed | $548,000 | 5.0% |
% of Housing Stock
Rental Trends — Galloway, NJ
As of July '25, Rentcast reports the average rent in Galloway, NJ is $2,500, with a year-over-year rent change of -4.9%. Per bedroom, the median rent as of July '25 in Galloway, NJ is studios: $2,900, 1-bedrooms: $1,570, 2-bedrooms: $2,250, 3-bedrooms: $2,650, 4-bedrooms: $4,070. The most common rental property sizes in Galloway, NJ are 2-bedroom and 1-bedroom, accounting for 44.3% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,500 |
| Studio Rent | $2,900 | $2,900 |
| 1 Bed Rent | $1,700 | $1,570 |
| 2 Bed Rent | $2,200 | $2,250 |
| 3 Bed Rent | $2,500 | $2,650 |
| 4 Bed Rent | $4,000 | $4,070 |
% of Rental Stock
Property Listings — Galloway, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Galloway, NJ is 46. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $361,000 | -5.0% |
Listing Count | 160 | 4.0% |
| Listings as % of Homes | 1.0% | 4.0% |
Days on Market | 46 | 12.0% |
Demographics — Galloway, NJ
As of the latest ACS Survey released in 2023, Galloway, NJ has a population of 28,200, which has increased by 2.2% over the past 5 years. Galloway, NJ is a moderately popular place for families, as children make up 19.5% of the population. The area has a moderately educated workforce, with 35.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,200 | 2.2% |
% Under 18 | 19.5% | 4.3% |
% Seniors | 20.5% | 10.2% |
% WFH | 7.1% | 153.6% |
% w/ College Degree | 35.9% | 18.1% |
As of the latest ACS Survey released in 2023, Galloway, NJ is a predominantly white area, with 62.5% of the population identifying as white. The white population has grown by 2.8% in the last 5 years. The second most common race or ethnicity in Galloway, NJ is hispanic, making up 13.7% of the population. Foreign-born residents account for 17.2% of the population in Galloway, NJ, and this percentage has increased by 3.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 62.5% | 2.8% |
% Black | 7.4% | -40.8% |
% Hispanic | 13.7% | 16.1% |
% Asian | 8.8% | -24.8% |
% Foreign Born | 17.2% | 3.6% |
Mortgage and Risk — Galloway, NJ
According to HUD data as of 2023, there were 584 mortgage originations in Galloway, NJ, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Galloway, NJ. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 584 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Galloway, NJ
As of 2024, the percent of homes in Galloway, NJ under the Section 8 program is 6.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Galloway, NJ, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 179 |
Total Units Section 8 | 165 |
% Rentals under Section 8 | 6.9% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,700 | $1,650 |
| 2 Bedroom | -$200 | $2,200 | $2,000 |
| 3 Bedroom | $300 | $2,500 | $2,800 |
| 4 Bedroom | -$910 | $4,000 | $3,090 |
Affordability — Galloway, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $333,000 |
| Median Household Income | $88,600 |